EURUSD Bearish or Bullish Expert Chart Analysis & Trading Plans!
EURUSD Bearish or Bullish Expert Chart Analysis & Trading Plans!
EURUSD Bearish or Bullish Expert Chart Analysis & Trading Plans!
EURUSD Bearish or Bullish Expert Chart Analysis & Trading Plans!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Trend Analysis
- The overall trend is downward, indicated by the price consistently making lower highs and lower lows.
- The 200-period moving average is sloping downward, confirming a bearish bias.
- Shorter moving averages are also below the 200-MA, reinforcing the bearish sentiment.
- A recent bounce suggests a possible retracement, but the price is still below key resistance levels.
Upcoming Events
- key upcoming events such as FOMC meetings, inflation data, or central bank decisions could influence price action.
- Any macroeconomic news related to interest rates, employment reports, or geopolitical tensions should be considered.
Volume Analysis
- Volume spikes are visible at key price movements, suggesting strong participation at major turning points.
- A recent increase in volume at the latest price rise might indicate potential short-term buying interest.
- If volume declines on rallies, it could mean weak buying pressure and a continuation of the downtrend.
Observations
- RSI (14) at 49.84 is in the neutral zone (neither overbought nor oversold), suggesting indecisiveness.
- Momentum (14) is around 100, indicating no strong directional bias at the moment.
- Price recently tested support levels and rebounded but remains below major resistance areas.
Final Takeaway
- The market is in a downtrend but currently experiencing a minor recovery.
- If the price breaks above key moving averages, there could be a trend reversal.
- If the price rejects resistance and falls below recent lows, the downtrend will likely continue.
Breakout Strategy (Bullish)
- Entry: Buy above 1.0800 | Stoploss: 1.0750.
- Target 1: 1.0850 | Target 2: 1.0900.
Breakdown Strategy (Bearish)
- Entry: Sell below 1.0750 | Stoploss: Above 1.0800.
- Target 1: 1.0700 | Target 2: 1.0650.
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
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